2 days agoAmericans are buying luxury cars like never before
Periskopi(4 years ago)
(4 years ago)The price of a new average car in America was 6.1 percent higher in late September than a year ago, partly due to inflation. But another factor is pushing prices to new levels: Americans are choosing more expensive cars. Luxury cars made up nearly 18 for [...]
The price of a new average car in America was 6.1 percent higher in late September than a year ago, partly due to inflation. But another factor is pushing prices to new levels: Americans are choosing more expensive cars.
Luxury cars made up nearly 18 percent of the sales of new cars in September. This is almost 3 percent higher than two years ago and more than 5 percent from a decade ago. We've only seen a higher rate twice in December 2021 and June 2022, broadcast Telegragraphy.
The American car buyers' tastes have changed, with SUVs making up a higher percentage of new car sales than ever before. Compact and medium-sized SWVs, combined with full-sized wagons, make up nearly half the sales of new vehicles.
The sales of luxury cars in the United States have increased in the past decade:
